Solana (SOL) DeFi Ecosystem Drops 96%, TVL Reaches $330 Million

DeFiLlama, one of the most reliable TVL aggregators for DeFi assets, reports that The total value locked (TVL) in Solana (SOL) network’s DeFi ecosystem has fallen drastically from its peak of $10.17 billion in December of last year to only about $329 million as of November 14th- approximately a decrease of about 96%. When concerns […]

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Solend founder says SBF wants to ‘profit at all costs’

Solend (SLND) founder 0xrooter has described FTX founder Sam Bankman-Fried as a “profit maxi” who wants to “profit at all costs.” SBF is a profit maxi: profit at all costs — ???? Rooter (hiring!) (@0xrooter) October 24, 2022 According to Rooter, a company’s action reflects its founder’s personality.

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Solend Votes to Take Over a Whale’s Account To Control his Liquidation: Is Decentralization Real?

Users of Solend, a Solana-based so called ‘decentralised lending protocol, decided to take control of one of the protocol’s largest accounts, which is a strange event. The governance vote, which is a first for the network, will grant Solend Labs emergency control over the account, allowing the protocol to liquidate the whale’s susceptible assets via […]

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Solana Project Passes Controversial Proposal To Save SOL DeFi

Solend, a DeFi protocol on Solana, just passed a controversial governance proposal that could save Solana from mass liquidations. Covered: Solend Passes Controversial Protocol Future Of DeFi Solend Passes Controversial Protocol Solend, despite being built on Sam Bankman-Fried supported Solana, is dealing with liquidity concerns just like everyone else in Defi (and CeFi for that […]

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Three Solana Projects To Watch For The Week Of March 14th

Though prices may be in the trenches, these three Solana projects are ones to keep an eye on once the bull run resumes. Covered: Audius (AUDIO) Solend (SLND) Aurory (AURY) Despite the vast amount of strong ecosystem projects, one of the strongest smart contract platforms, Solana (SOL), has ushered in some of the weakest performing […]

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Latest Solana Clog Causes Liquidation Bloodbath

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Solana DApps volume increased by 46% in a week Is $180 SOL the next stop?

An uptick in Solanas network activity and upcoming project launches could send SOL price higher. 

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